The net profit textile machinery manufacturing major Lakshmi Machine Works’ (LMW) for the quarter ended June 2018 rose by 4 per cent to Rs 49.68 crore as compared to Rs 47.62 crore during the corresponding quarter of the earlier fiscal. Income from operations of the company slipped to Rs 668.71 crore at the end of the first quarter of the current fiscal from the 12-month ago income of Rs 717.63 crore. The company has managed to contain its total expenses correspondingly, bringing it down to Rs 593.11 crore from the earlier Rs 647.20 crore.